HighPoint Advisor Group LLC Sells 109 Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT)

HighPoint Advisor Group LLC decreased its position in Hilton Worldwide Holdings Inc. (NYSE:HLT) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,019 shares of the company’s stock after selling 109 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Hilton Worldwide were worth $813,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Palumbo Wealth Management LLC grew its holdings in Hilton Worldwide by 2.0% in the 4th quarter. Palumbo Wealth Management LLC now owns 2,134 shares of the company’s stock valued at $528,000 after buying an additional 41 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in Hilton Worldwide by 1.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 3,232 shares of the company’s stock worth $799,000 after acquiring an additional 43 shares during the period. Versant Capital Management Inc raised its stake in Hilton Worldwide by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 372 shares of the company’s stock worth $92,000 after purchasing an additional 48 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in Hilton Worldwide by 2.8% in the 4th quarter. Arkadios Wealth Advisors now owns 1,798 shares of the company’s stock valued at $444,000 after purchasing an additional 49 shares during the period. Finally, Angeles Wealth Management LLC grew its position in shares of Hilton Worldwide by 3.7% during the 4th quarter. Angeles Wealth Management LLC now owns 1,422 shares of the company’s stock worth $351,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Hilton Worldwide Stock Down 0.1 %

Shares of HLT stock opened at $227.21 on Wednesday. The firm has a market capitalization of $54.44 billion, a P/E ratio of 36.95, a P/E/G ratio of 2.86 and a beta of 1.29. Hilton Worldwide Holdings Inc. has a twelve month low of $193.86 and a twelve month high of $275.22. The stock’s fifty day simple moving average is $250.15 and its 200 day simple moving average is $245.30.

Hilton Worldwide (NYSE:HLT) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.09. Hilton Worldwide had a negative return on equity of 54.47% and a net margin of 13.74%. As a group, equities research analysts expect that Hilton Worldwide Holdings Inc. will post 7.89 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 21st were given a $0.15 dividend. The ex-dividend date was Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.26%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 9.76%.

Insider Activity

In other news, insider Christopher J. Nassetta sold 40,653 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $268.83, for a total value of $10,928,745.99. Following the sale, the insider now directly owns 77,383 shares of the company’s stock, valued at approximately $20,802,871.89. This represents a 34.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Truist Financial cut their price target on Hilton Worldwide from $258.00 to $251.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Barclays upped their target price on Hilton Worldwide from $270.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Mizuho restated a “neutral” rating and issued a $263.00 price target (up previously from $243.00) on shares of Hilton Worldwide in a research report on Wednesday, February 5th. Susquehanna upped their price objective on shares of Hilton Worldwide from $247.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Finally, Macquarie raised their target price on shares of Hilton Worldwide from $248.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Hilton Worldwide has a consensus rating of “Hold” and a consensus target price of $254.53.

Hilton Worldwide Profile

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.